Unpredictability of construction costs - Will the project fail because of it?

2022-04-21 18:23:06

Today separated from the construction company and the loan, so yes, I definitely feel liberated!

Are there still costs for planning services or similar? Or have you also gotten out of that?

2022-04-21 18:25:17

Today separated from the construction company and the loan, so yes I definitely feel liberated!

No, in my opinion, your legal advisor assesses it correctly. A signed offer is the acceptance of it and thus a contract has been formed. Which must be fulfilled immediately. But you are out of it now, so no longer relevant.

2022-04-21 18:31:50

no, in my opinion your legal advisor assesses it correctly. A signed offer is the acceptance of it and thus a contract has been formed. Which must also be fulfilled immediately. But you are out of it now, so it is no longer relevant

Unfortunately, they have denied this several times. Well, good for us, if there is no contract we can also just get out..

2022-04-21 18:34:13

Are there still costs for the planning services or something similar? Or have you also gotten out of that?

Yes, unfortunately, the costs for the planning still apply. We were advised to seek legal counsel and possibly also to demand the prepayment penalty back from the construction company. Not sure if that makes sense?

2022-04-21 18:35:57

Unfortunately, the costs for planning still apply. We were advised to seek legal counsel and possibly also to demand the prepayment penalty back from the construction company. Don't know if that makes sense?

I would say it depends on the amount involved. Under certain circumstances, you may incur additional costs if the whole thing goes to court and you lose there. And: Something like that can of course drag on and be nerve-wracking.

2022-04-21 18:37:29

The two problem areas from your initial thread are solved, which makes me very happy. Now a bit of a breather and then see what possibilities there are. :)
I think it's great that you own the property and it is already paid off. (Ours, for example, is not yet. ;-) We are currently trying to get a forward loan.)

You really did a great job.

I rather assume that the house construction topic is off the table. As I said, finding a new construction company in such a short time is almost impossible, and the problem with unpredictable construction costs still remains. After all the mistakes, I have definitely lost interest in building a house.

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Unpredictability of construction costs - Will the project fail because of it?

HansDampf88

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HansDampf88

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